675 Pershing St · Craig, CO 81625

$145,000

3 bd · 1.0 ba · 1,904 sqft · SingleFamily public records · 4 Days on market

Built 1928 9,375 sqft lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors, flippers, and DIY dreamers! This 3 bedroom, 1 bath home is packed with potential and ready for its next chapter. Located in a great Craig neighborhood near the grocery store, post office, and Sunset Elementary School, this fixer-upper offers the chance to create nice value. Inside, you'll find original hardwood floors, spacious living areas, built-ins, vintage charm, and a functional layout just waiting for a refresh. Whether you're looking for your next fix-and-flip, rental property, or renovation project, this one is worth a look!

Key facts

• Vintage charm
• Functional layout
• Built-ins

Tags

• ORIGINAL HARDWOOD FLOORS
• SPACIOUS LIVING AREAS
• BUILT-INS
• VINTAGE CHARM
• FUNCTIONAL LAYOUT

Property features AI

Exterior

• Home design: Single family residence; Not a model home
• Exterior features: Located on 6th & Pershing St.; Subdivision: Sunset Addition

Interior

• Bathrooms: 1 full bathroom
• Interior features: Unfurnished

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 8.4% vs local median 3.2% in Craig — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#160 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A; Watch: employment C-, schools D, crime D.
• Moffat County School District Re: No. 1 (town): math 22% / reading 35% proficiency, ranked #53 of 86 in CO (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 188 active listings in the ZIP; 18 units permitted in Moffat County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Moffat County population projected at -41% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $48k; list at $145k implies a 202% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.36%
• DSCR: 1.33
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $312,256
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
828 Taylor St	0.21mi	3/2.0	1,926 (+1%)	10mo	$249,900	$130	76
801 Steele St	0.27mi	2/2.0 (-1)	1,920 (+1%)	8mo	$278,000	$145	70
909 RANNEY St	0.30mi	2/1.0 (-1)	1,808 (-5%)	6mo	$295,000	$163	68
624 Barclay St	0.16mi	3/1.5	1,728 (-9%)	10mo	$335,000	$194	66
829 Stout St	0.24mi	4/2.0 (+1)	2,100 (+10%)	5mo	$284,000	$135	59
836 Ledford St	0.36mi	4/2.5 (+1)	1,975 (+4%)	11mo	$440,000	$223	57
860 Russell St	0.47mi	3/2.0	2,011 (+6%)	11mo	$329,900	$164	55
1226 Barclay St	0.71mi	4/2.5 (+1)	1,920 (+1%)	7mo	$333,500	$174	49
1162 Breeze St	0.67mi	4/2.0 (+1)	1,976 (+4%)	11mo	$329,000	$166	44
1111 BARCLAY St	0.59mi	4/2.0 (+1)	2,028 (+6%)	10mo	$333,500	$164	44
384 Rose St	0.64mi	2/1.0 (-1)	1,673 (-12%)	6mo	$257,100	$154	40
786 Colorado St	0.73mi	2/2.0 (-1)	1,740 (-9%)	11mo	$280,000	$161	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-7,646
• Equity at exit: $21,620

10-year hold

• IRR: 4.6%
• Equity multiple: 1.34×
• Total profit: $13,722
• Equity at exit: $12,537

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 81625

• Home prices YoY: -25.2%
• Active inventory: 188
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$126 /mo · $1,515/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $249

Break-even live

Break-even rent $1,199

Max offer price $145,000

Occupancy floor 79%

Sensitivity live

Price	-10% $331	-5% $290	+0% $249	+5% $208	+10% $167
Rent	-10% $129	-5% $189	+0% $249	+5% $309	+10% $369
Rate	-1.0pp $322	-0.5pp $286	base $249	+0.5pp $211	+1.0pp $173

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-31
   status $145,000 Pending 4 DOM
2. 2026-05-31
   days on market $145,000 Active 4 DOM
3. 2026-05-30
   days on market $145,000 Active 3 DOM
4. 2026-05-27
   listed $145,000 Active
5. 1994-10-06
   soldstatus $48,000
6. 1982-12-16
   soldstatus $63,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $1,515 · $126/mo
• Projected year-2 tax: $1,515 · $126/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 82% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 5 d/yr ≥88°F today · 11 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,168
• − Mortgage interest: −$8,122
• − Property taxes: −$1,515
• − Insurance: −$725
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − Depreciation: −$4,218
• Taxable income: $681
• Est. tax owed @ 24.0%: −$163
• After-tax cash flow: $2,825/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Moffat County School District Re: No. 1
• NCES district ID: 0805730
• Math proficiency: 22% ▲ 3.00%
• Reading proficiency: 35% ▼ -3.00%
• Median HH income: $51,633
• Composite: 25.07/100
• National rank: #7539
• State rank: #53 of 86 in CO

Livability — Craig

• Score: 65/100
• State rank: #160
• US rank: #12817

Category grades

Amenities F Commute A+ Cost of living A Crime D Employment C- Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Craig, CO
• Population (ZIP): 12,242

Population outlook (Moffat County) Hauer SSP2

• Today (2025): 10,901 people
• By 2030: 9,922 · -9.0%
• By 2040: 8,081 · -25.9%
• By 2050: 6,460 · -40.7%
• By 2075: 3,896 · -64.3%
• By 2100: 2,620 · -76.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 14% Two or more races 10%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Slovak 4% Italian 3% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 9%

Political lean MEDSL · Moffat

• 2024 margin: Solid R (+62.8) · D 17.5% · R 80.3% · Other 2.2%
• 2008→2024 swing: -19.4pp toward R · 2008: -43.5pp · 2024: -62.8pp
• All cycles: 2024: R+62.8 2020: R+63.6 2016: R+67.9 2012: R+55.0 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.11%
• Current HPI: 284.444
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

+130.2% since first listed

3 events — show timeline

• 2026-05-27 Listed $145,000 AGMLS
• 1994-10-06 Sold (Public Records) $48,000 Public Records
• 1982-12-16 Sold (Public Records) $63,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $1,515 · +58.2% YoY. Source: county tax records.